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Prohibition Orders Issued by NCUA

NCUA today issued several orders of prohibition against former credit union employees, including one from Dover New Jersey Spanish American Federal Credit Union currently under a cease and desist order from the agency.

By Sarah Snell Cooke | Updated on August 23, 2007

ALEXANDRIA, Va. — NCUA today issued several orders of prohibition against former credit union employees, including one from Dover New Jersey Spanish American Federal Credit Union currently under a cease and desist order from the agency.

Yvis Rosario, former manager of Dover NJ Spanish American FCU, was ordered by the court to participate in a Pretrial Intervention Program. The program offers rehabilitation to defendants, typically first-time offenders, in an effort to deter future criminal behavior, according to www.njcourtsonline.com. The court also ordered Rosario to pay $20,000 in restitution, undergo 36 months of supervised probation, and provide 50 hours of community service.

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